
“PayPal gained 5.0 million active registered accounts and ended the quarter with 137 million, a 17% increase,” the earnings release stated.
The implication of these strong growth numbers is that what PayPal is doing — which is includes a major app update and continuing expansion into brick-and-mortar business — is bringing in new users in strong numbers.
The payments provider is a bright light for the San Jose-based eBay, announcing a 19% increase in revenue to $1.6 billion, while eBay as a whole increased revenue 14%.
PayPal’s total payment volume grew 25% to $44 billion, it was also announced.





